The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-02-01
Hetes OF Progress.

P01t Gibson, MISS, NetDs: A strait
OF coal about fifteen feet deep has beer
discovered some sixteen miles east o.
Oxford. 1t is pronounced to be Of tn,
finest quality and OF great abundance
The Mobile Register has this caution
for inexperienced "boomere:" 1t is th'
duty OF the press TO see that no one II
deceived. II Northern and European
capitalists are persuaded to make in
judicious investments check will bt
given to the tide OF prosperity nov
flowing through the South. And
there is another side 10 the question
UrscIupulous men from other part
Of the country may themselves advise
reckless speculation, and In the end
leave our people the bag to hold.
The Tennessee peanut crop Is est.
mated at 500, 900. Forty-two bushels
to the acre is the average yield.
Manufacturers from less favored
sections have come 10 Tennessee, and
have erected extensive machine, nail,
furniture, tile and pipe works, tan
neries, planning, sash, door and blind
factories, ard iron foundrles. The
products Of the cotton, wooden, cotton
seed oil, lumber, Touring and grist
mills, the ice factories and foundriss
OF the State have increased more than
100 per cent. since 1880.
The demand for Tennessee marble
is increasing very rapidly,as is proved
by the fact that while In 1880 only
shout fifty car loads were sent out,
the present shipments TO foreign mar
kets amount TO 1900 car loads per an.
mum.
TUecUMBIA Gazette: The Montgom-
cry syndicate having purchased 1900
acres OF choice Walker clunty Ala
lands q few days ago, placed sub.
scription list for stock In the market.
All were taken In q few hours.
THK vast coal and iron fields OF Ala
bama would today be as unknown as
are many equally promising sections
In our great southern land but for the
ability and iron will OF those who took
hold Of the opportunities afforded.
WiTH the advantages OF large min.
eral wealth, abundant opportunities
for manufacture, pleasant, healthy
climate and excellent agricultural con-
ditions, Tennessee ought to become
one OF the most prosperous CT States.
KoscIUsKo, Miss: The Kosciusko
Tannery Company, Kosciusko, has
been Incorporated. .....A creamery Is
TO be built at Kosciusko, and an ice
factory at Meridian.
The notable Increase In -four aud
grist mills Ia proof that Southern sg-
riculture IL heing devoted more and
mora to the raising Of food supplies.
A careful estimate OF the value of
the property owned by citiEsns OF
Montgomery In the mineral region OF
Alabama places the amoant at 20, 000,-
900. This embraces stock In land
companies, citylots, and coal, iron and
lime lands Ia the various mineral
counties.
Noble Bros, Admission, have ordered
Tor their carwheel works a new steam
drill press that makes six holes at
once. They have now two steam ham.
mers that forge forty car axles per day,
and,y yet they have orders on hand for
several months ahead.
Ashevillc, N. @, has organized
company TO build cotton mill, 5000
spindles, $50 TO 800 looms, for making
plaids.
T. H. Milburn, Memphis, writes to
the Chattanooga 7rddeman: "The
Little Missouri Ark Manganese Iron
and Coal Company was capitalized at
S3,000,000, and the stock all sub
scribed. The owners and stoCkhold-
ers are John T. Burns, George p.
Burns, John w. Cochran John d,
Milburn, ]. O. Nicely and I. IL. Mil
burn. The company has the largest
body OF manganese ore in the known
world. They have also iron, coal and
limestone in great abundance, and all
within radius OF twenty miles,"
The South Springfield mo }, Texas
and Colorado Coal Company are open
ing and developing new coal mines in
Arkansas, at Hsokett City, to which
point the st. Louis and San Francisco
railway is extending their line.
Messrs. Smith, Terre Hauts, Ind,
contemplate erecting q foundry and
machine shop at Florence, Ala.
Several hundred tons of coal are
shipped daily from the Proctor mines
A telephone line to be established
between Florence, Tusoumbia and
Sheffield.
At Tuscaloosa, Ala, the two cotton
iactc rles, the yarn mill, the wool card
ing factory, the mill for making sash,
doors, blinds and ali kinds of iurni-
ture, iron foundry and cigar factory,
are all in successful operation and run
ming on full tune
The Florence, Ais, Land, Mining
and Manufacturing Company, Flor
ence, have made aIrat gements for the
erection Of three furnaces.
A movement is on foot to erect q
charcoal and iron furnace In Hunts
vile, Ala, with capital OF $260,00O.
The CAhaba Valley Water Company,
Birmingham, hes been incorp
They propose getting water from the
Oahaba river, nine miles from the
city. EngineG rs estimate that 1t will
take 81 100000 to bring the water to
Birmingham.
H. L. Warrington, Birmingham, to-
gether with Atlanta and Birmingham
capitalists, have formed stock com.
pany for the purpose OF developing
asphalt qaarries in Morgan county.
Northern capitalists are trying to
secure location for the erection OF a
furnace, rolling mill and nail factory
at Gadsden, Ala.
], T. Whitehurst, Of Burnsville,
Miss, will erect q saw aud planning
mill and shingle factory at Isbell.
Little Rock Democrat: The Selma
(Ala. Cehaba Valley and Birmingham
railroad. BirmiDg ham. has been incor-